Search
Close this search box.
Meet With An Advisor

I Don’t Care Anymore

Hello, and welcome to our Market Alert video for today, which is March 15, 2024. And we have a lot to get into. I’ve entitled this video, I don’t care anymore. And I will explain that to you in just a moment. But before I do that, I want to give you a quick update on something that’s really kind of funny. I’ve got a video of my grandson, who is in ski school for the first time in his life. And yeah, he’s cute and all that, but I want to show it to you because I want you to watch the little girl in the background. Okay, so and you should never laugh at a little girl. Her misfortunes. But this is my grandson getting off and now he’s gonna slide towards the instructor as you can see there. And what I really want you to do is to pay attention here to that little girl behind there that you see behind him now with the green helmet. Okay, so watch her. She’s kind of like struggling a little bit. She’s gonna start sliding in just a moment. So here she goes. And she’s off and keep your eye on her. She’s up. She’s got her, she’s gonna keep her balance, and then she’s gone. She’s gone. And boom! Faceplant. Like I said, never laugh at a little girl, especially a three year old, but she was fine. No, no harm done. I don’t know, I guess I’ve got a warped sense of humor. So anyway, let’s talk about what happened this week. We got PPI numbers, the or some more inflation data, we got the CPI number as well. So all these inflation metrics have been coming out. And they’re actually showing that inflation is not coming down as fast as the Fed at first, the Fed wants, right, they want it to get down to 2%. And it seems to be kind of stalled out right now. And so the talk about whether they’re going to lower interest rates or not. And all that seems to be getting pushed down the road, as we’ve been saying, we don’t think they’re going to lower interest rates until July at the earliest. Now, in the past, what has happened is that whenever inflation data came in, that did not cater to the idea that we’re going to lower interest rates tomorrow, the stock market would not like that at all and behave very badly. Well, that hasn’t been happening lately. The markets gone up in spite of all that stuff. Why? Well, because what’s happened is that the market doesn’t care anymore. It seems like. Okay, so what’s happened? There’s been a shift. Before, the concern was that, oh, no, the Feds gonna raise interest rates so high, that we’re going to have a terrible recession, profits are going to suffer, unemployment will follow, and it’s going to be all bad news. Now, what’s happening is, is that, yes, inflation still remained stubbornly higher than where the Fed wants it. And maybe they’re not going to lower interest rates when we’d like them to, but we don’t care anymore. Why? Because profits are really, really good right now. And as we’ve said, many, many times, it is profits that drives the stock market, that’s our view, meaning if you have a company that is doing very, very badly, even in a great economy, where everything is booming, their stock will probably fall. On the other hand, if you have a company who that’s their profits are soaring in an economy where it’s terrible, and unemployment and mass recession, and all that, their stock price will probably rise very rapidly. So it’s profits that drive the stock market. And right now, the profits that we’re seeing coming out of Wall Street, especially from the big tech companies are astronomical. And those profits are viewed to be continuing as the development of artificial intelligence, as they roll it out. As they build it out. As they sell it, people buy it, and it gets incorporated into our daily lives. And it’s going to be life changing, no question, artificial intelligence is going to make our life a lot easier it’s going to make, it’s essentially going to be an assistant that is going to be able to do a lot of the things that we do now for us faster, cheaper, more efficiently, and also maybe even come up with some new things like medications and cures for diseases that as humans we were not capable of coming up with on our own. Now, of course, there is the people that think that, you know, the Terminator is next, right? And AI is going to take over the world and in a bad way. Certainly that’s also a possibility. But right now, profits are being driven by these big tech companies. And that’s what’s driving the stock market in spite of the fact that inflation is not coming down as fast as the Fed would like so. Stock market doesn’t care. Now, always, always always we have our sell strategy as you know. Our Invest and Protect Strategies there because anything can happen, you know, bear markets come along when people least expect them. And from something that nobody saw coming, you know, after the credit crisis, everybody looked back and said, Yeah, well, you know, those subprime mortgages, anybody with a brain could have seen those things were terrible. Well, very few people saw that coming. And in the .com, era and y2k, yeah, all those .coms They had no profits and their stock prices were soaring. Anybody could have seen that that was just a big house of cards. Well, very few people saw that one too. So even though after the fact that may be obvious before the fact not so obvious. So right now, it looks great. But we always have our sell strategy to help us because we don’t know when the unexpected is going to happen. And we want to be prepared for that. So that way, you can go out and enjoy your second childhood without parental supervision, you can be a SCWPer, and you could SCWPer your tail off. And that’s what we want. We want SCWPer tails everywhere we want to go pick them up and give them to other people so they can SCWPer their tails off too. So in case you forgot what SCWPer means it’s the acronym for a second childhood without parental supervision, which is what we want for you. And that’s what we strive to do. We want you to have peace of mind and we want your money to last as long as you do. And we think this year is gonna be a good year. But again, we’re always prepared for the worst. So share this video with your friends, your family, anybody that you can we want to help as many people achieve their SCWPerness as possible. Alright, so thanks for watching this video and we will talk soon.

Please note: transcript has been modified after the time of recording. 

Economic indicators and stock market performance cannot be predicted. Opinions expressed regarding the economy and the stock market belong solely to Ken Moraif on behalf of Retirement Planners of America and may not accurately portray actual future performance of the economy or stock market outcomes. Opinions expressed in this video is intended to be for informational purposes only and is not intended to be used as investment advice for individuals who are not clients of Retirement Planners of America. All content provided is the opinion of Ken Moraif, CEO and Founder of RPOA Advisors, Inc. (d/b/a Retirement Planners of America ) (“Retirement Planners of America”, “RPOA”). ©Copyright 2023 

Get Free Email Market Alerts

Sign Up

Contact

Quick Links

Connect With Us

Facebook Twitter Linkedin Youtube Instagram Pinterest
RPOA Advisors, Inc. (d/b/a Retirement Planners of America ) (“Retirement Planners of America”, “RPOA”) is an SEC registered investment adviser with a primary business location in Plano, Texas. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that Retirement Planners of America has attained a certain level of skill, training, or ability. The “Invest and Protect Strategy” (the “Strategy”) refers to a strategy that Retirement Planners of America fundamentally employs for its clients. Retirement Planners of America previously employed a similar strategy that it referred to as the “buy, hold, and sell” strategy or “buy hold, and protect” strategy. Past performance does not guarantee future results. Therefore, current or prospective clients should not assume that the future performance of the Strategy, any specific investment, or any other investment strategy that Retirement Planners of America recommends will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. References to recommendations made under the Strategy that predate 2011; and statements such as and similar to: “we told our clients to be out of the market in 2007 and 2008,” “we told our clients to get back into the market in 2009,” and “clients that followed our advice were out of the market in 2008;” refer to strategies collectively employed and recommendations collectively made by Retirement Planners of America’s principals while employed at Eagle Strategies, LLC., and also at Cambridge Investment Research Advisors, Inc. Three of the five principals remain as principals today, including the Retirement Planners of America’s founder, Ken Moraif. Retirement Planners of America has been employing the Strategy since its inception in 2011. Therefore, any references to Retirement Planners of America’s performance or its investment advisory recommendations predating 2011 generally refer to recommendations made by Retirement Planners of America’s principals at the respective other firms described above. Like all investment strategies, the Strategy is not guaranteed. It is possible that it can incorrectly predict a bear market (generally accepted as a 20% drop in a market index), which has, in-fact, happened before at Retirement Planners of America and affected its clients accordingly. When the sell / “protect” portion of the Strategy is implemented, affected investors will incur transaction costs and taxable accounts will incur tax consequences. However, when implementing that portion of the Strategy, Retirement Planners of America believes that the benefit of avoiding bear markets outweighs the burden of these transaction costs and tax consequences. Retirement Planners of America is not an accounting firm or a law firm. The receipt of personalized and tailored services, or access to financial or professional resources should not be construed as a guarantee of a particular outcome. Comprehensive or holistic financial planning indicates that financial planning will be informed by the material financial and investment circumstances of the client, as communicated by the client to Retirement Planners of America but may not consider literally all aspects of a client’s financial affairs. Not all services will be appropriate or necessary for all clients, and the potential value and benefit of Retirement Planners of America’s services will vary based upon a variety of factors, such as the client’s investment, tax, and financial circumstances and overall objectives. Not all services will be appropriate or necessary for all clients, and the potential value and benefit of Retirement Planners of America’s services will vary based upon a variety of factors, such as the client’s investment and financial circumstances, the client’s tax bracket, the nature and amount of the client’s employer and outside benefits, the client’s level of cooperation and communication, and the client’s overall objectives. Retirement Planners of America will generally upon the accuracy and completeness of the information provided by the client when providing advisory services. The receipt of personalized and tailored services, access to financial or professional resources, or the experience or expertise of an adviser should not be construed as a guarantee of a particular outcome. Market commentary is intended for convenience, educational, and informational purposes only and should not be construed as individualized advice or recommendations. The discussions contained on this page are not a substitute for investment advice from a professional adviser. Readers should not use this content as the sole basis for any investment, financial planning, tax, legal or other decisions. Rather, a professional adviser should be consulted, and independent due diligence should be conducted before implementing any of the options referenced. Third-party sites that are directly or indirectly linked or referenced above may collect information, including personal information relating your online activities over time and across different websites and other online services. Retirement Planners of America does not control a third-party’s collection or use of personal information or tracking technologies. Photos and images on this website are not of past or present clients of Retirement Planners of America. These photos should not be construed as an endorsement of Retirement Planners of America or its representatives by any client.

©2022 Retirement Planners of America. All rights reserved.

Careers | Privacy Policy | GDPR Privacy Policy | CCPA Privacy Policy | GDPR Cookie Policy | Form CRS